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Fed’s Evans Favors Quarter-Point Rate Hikes at Each 2022 Meeting

  • Chicago Fed chief says he is line with median of policy makers
  • Fed needs to be ‘cautious, humble, and nimble,’ he says
Charles Evans
Charles EvansPhotographer: Drew Angerer/Bloomberg
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Federal Reserve Bank of Chicago President Charles Evans said his interest-rate outlook matches the median estimate of his colleagues for six more quarter-point increases this year amid high inflation and a hot labor market.

“My own baseline assessment is in line with the median projection, though given the great deal of uncertainty we face today, I am well aware that developments may transpire in a way that would cause me to alter my assessment,” Evans told the Prairie State College Foundation in Olympia Fields, Illinois on Friday.